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42-km BRTS by 2011
The GVMC is undertaking two bus rapid transport system projects of 42 km in Vizag city at a total cost of Rs 452 crore. Phase I - Hanumantawaka to Pendurty Corridor is ready for inaugration. |
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Pharma City
Pharma City, spread over an area of 2,200 acres of land, with an outlay of Rs 276 crore is being developed. It has attracted several major pharma comapanies like Dr.Reddy's, HBL Nife, Gland Pharma etc. |
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SEZ : The Government of India had set up Special Economic Zone, spread over an area of 20000 acres, attracting investments from all sectors. Brandix is setting up a large apparel unit in 1000 acres. |
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ITSEZs
Rushikonda & Gambhiram
Various software & BPO companies have started development & Outsourcing centres in Vizag, contributing to the rise in real estate prices. |
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Apparel export Park
Developed in Gajuwaka in an extent of 146 acres with an investment of 26 crores.
Many International garment units along with Brandix have set up their units. |
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Knowledge Corridor
A knowledge Corridor is being developed adding to the city's 25 Engineering, Medical and Management Colleges. |
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VKPCPIR
Visakhapatnam - Kakinada Petroleum, Chemicals and Petro Chemical Investment region coming up in a single corridor between Vizag and Kakinada, extending over 603 sq km. with Rs. 3 lakh Crore outlay giving boost to rapid industrilization along the Coast. |
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